Branch Capture

1
Branch Capture Image Exchange

• Lisa Coffey
• Vice President Item Processing

2
Branch Capture Image Exchange
Paying Institutions

• Current US Check Clearing System

Depository Institution
Other Checks
Payee
Payor
3
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Same Day Settlement
Depository Institution
Correspondent
Federal Reserve
4
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
5
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
2
2
6
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
7
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
8
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
000007500
987654320
9
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
10
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
11
Branch Capture Image Exchange

• Current US Check Clearing System

Paying Institutions
Depository Institution
12
Branch Capture Image Exchange

• The future of deposit processing in a Check 21
  environment is Branch Capture and Image Exchange.

13
Branch Capture Image Exchange

• Three significant events have made Branch
  Capture Image Exchange a reality.
• Small, relatively inexpensive image/micr capture
  devices are now readily available
• Software has been developed to support several of
  these capture devices that spool images and micr
  across a network to a central capture center.
• Establishment of electronic exchange networks
  that allow member financial institutions to clear
  their check-based transactions electronically
  eliminating costs of processing paper items and
  courier expenses

14
Branch Capture Process

• Deposit items can be captured at the branch
• A capture device installed behind the teller line
  where an individual periodically collects work
  from each teller and processes each item

Branch Scanner
15
Branch Capture Process

• As deposited items are captured the images are
  displayed for a teller or balance operator to
  amount key and balance.
• OR
• As deposited items are captured, the images
  are displayed at SECorp to amount key and
  balance.
• Eliminates Microfilming!

16
Branch Capture Process

• Since deposit items are truncated at the branch,
  balancing discrepancies can be readily resolved
  since the teller has access to the work.

17
Branch Capture Process

• An electronic file is created from the captured
  deposit items and transmitted to Southeast
  Corporate for collection.
• Deposit items are truncated at the branch.
• Reg CC does not stipulate a time in which the
  physical items must be kept.

Southeast Corporate
Credit Union Branch
18
Branch Capture Process

• The operation is as simple as this..

19
Image Exchange Process

• Southeast Corporate partnered with Endpoint
  Exchange to become part of a network of financial
  institutions to clear check-based transactions by
  allowing for the exchange of check images between
  member banks, thrifts, credit unions, service
  bureaus, clearinghouses, and the Federal Reserve.
  

20
Image Exchange Process

• As a member of Endpoint Exchange, Southeast
  Corporate can
• Receive electronic deposit files from branches
  and transmit these files through Endpoint
  Exchange
• Archive images

21
Image Exchange Process

• Electronic Clearing Process

Item Processing System
Branch Scanner
22
Branch Capture Image Exchange

• Advantages
• Replaces Microfilming
• Eliminates Encoding Costs
• Speeds Up Collection
• Reduces Courier Costs
• Deposit Deadlines Become Less Significant
• Provides Image Research Capabilities

23
Branch Capture Image Exchange

• Credit Unions may implement in phases
• Prepare the deposits, capture and image, balance,
  deliver the items to the Federal Reserve Bank
• Once Check 21 is enacted, October 28, 2004, the
  deposit can be transmitted to Southeast Corporate

24
Branch Capture Image Exchange

• Branch Capture Pilot
• Our Branch Capture pilot with Florida Telco
  Credit Union began in May 2004.
• - Currently running one branch
• - Installed 1 PC workstation and 1 SourceNDP
• - Tellers are keying and balancing batches
  behind teller line
• - Uploading deposit information to SECorp
  after deposit is balanced
• - Deposit items are delivered to SECorp for
  proof and collection.
• August 2004 Southeast Corporate plans to begin
  testing a Branch Capture option where SECorp
  amount keys and balances the deposit.

25
Branch Capture Image Exchange

• BRANCH CAPTURE FEE SCHEDULE
• Software
• Branch Capture Licenses (Per credit union
  SECorp amount keys) 1,500
• Subsequent Licenses (per CU Branch 10 or more)
  750
• Branch Check Processing Licenses (Per credit
  union CU amount keys) 2,500
• Subsequent Licenses (per CU Branch 10 or
  more) 1,250
• Maintenance per copy (per year) 14
• PC Anywhere Software (per copy) 105
• Hardware
• Unisys SourceNDP 4,100
• Cannon CR180 4,000
• Maintenance pass thru from
  Vendor
• PC Dell Optiplex GX-270 1300
• Staging of Hardware/Software (per PC) 750

26
Branch Capture Image Exchange

• PER ITEM FEE SCHEDULE
• As Federal Reserve Bank final pricing becomes
  available, Southeast Corporate will establish a
  Fee Schedule.

27
Branch Capture Image Exchange

• Southeast Corporates goal is to provide the
  most cost effective solution to accommodate Check
  21 and make the transition as simple as possible
  for your credit union.
• Remember It is not a requirement to have a
  hardware/software solution on October 28, 2004.

28
Questions???

• THANK YOU!